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Asset Manager ← All Institutions

PARNASSUS INVESTMENTS, LLC

Q4 2025 · Filed 2026-02-12
Market Value
$38.4B
-10.9%
Holdings
149
-5
New Purchases
3
Added To
54
Closed
12
Reduced
80
Top 10 Concentration
38.8%
Turnover
10.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 2.82% 1.11% +1.71% $1.1B
HD 1.86% 0.24% +1.62% $716M
AAPL 3.57% 2.08% +1.49% $1.4B
COST 1.49% 0.90% +0.58% $571M
GOOGL 5.62% 5.15% +0.47% $2.2B
SYK 1.78% 1.35% +0.43% $685M
BSX 1.96% 1.56% +0.40% $753M
AMAT 2.16% 1.78% +0.37% $829M
AVGO 2.22% 1.92% +0.29% $852M
AMD 1.37% 1.09% +0.28% $528M
CMS 0.27% 0.00% +0.27% $103M
VRSK 1.06% 0.87% +0.19% $406M
KLAC 1.97% 1.80% +0.17% $758M
WM 3.02% 2.87% +0.14% $1.2B
MAR 1.26% 1.12% +0.14% $484M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRTX 0.00% 1.50% -1.50% $0
FI 0.00% 1.23% -1.23% $0
BLL 0.00% 0.99% -0.99% $0
EFX 0.06% 1.04% -0.99% $21M
NVDA 4.66% 5.35% -0.70% $1.8B
AZO 1.86% 2.49% -0.63% $717M
WDAY 1.18% 1.79% -0.61% $455M
ORCL 1.06% 1.56% -0.50% $409M
NOW 0.92% 1.36% -0.44% $353M
AMZN 4.74% 5.07% -0.34% $1.8B
O 2.21% 2.54% -0.33% $852M
LIN 2.02% 2.31% -0.29% $775M
CRM 1.77% 2.02% -0.25% $681M
ICE 2.29% 2.54% -0.25% $880M
BRO 1.29% 1.49% -0.20% $495M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 32 $19.2B 50.0%
Large Cap 106 $18.7B 48.7%
Mid Cap 11 $513M 1.3%

Portfolio Analytics

Avg Market Cap
$290.1B
Median Market Cap
$68.7B
Avg P/E
32.5
Median P/E
29.2
Avg Dividend Yield
0.01%
Avg Beta
1.09
# Stocks
149
# ETFs / Funds
0

Top Holdings (149 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.67% 4,505,495 $2.2B $483.62 -$250M -184,930 -3.9%
2 GOOGL 5.62% 6,901,505 $2.2B $313.00 -$62M -2,239,006 -24.5%
3 AMZN 4.74% 7,887,228 $1.8B $230.82 -$369M -2,082,896 -20.9%
4 NVDA 4.66% 9,600,898 $1.8B $186.50 -$520M -2,785,441 -22.5%
5 AAPL 3.57% 5,049,172 $1.4B $271.86 $474M +1,518,322 +43.0%
6 DE 3.20% 2,642,017 $1.2B $465.57 -$184M -451,317 -14.6%
7 WM 3.02% 5,277,285 $1.2B $219.71 -$80M -336,030 -6.0%
8 LLY 2.82% 1,010,392 $1.1B $1,074.68 $606M +382,112 +60.8%
9 DHR 2.78% 4,664,560 $1.1B $228.92 -$156M -1,506,544 -24.4%
10 MA 2.69% 1,809,280 $1.0B $570.88 -$175M -313,779 -14.8%
11 TMO 2.39% 1,583,105 $917M $579.45 -$98M -510,516 -24.4%
12 SPGI 2.38% 1,749,394 $914M $522.59 -$75M -282,860 -13.9%
13 BAC 2.36% 16,477,774 $906M $55.00 -$87M -2,780,853 -14.4%
14 ICE 2.29% 5,436,265 $880M $161.96 -$214M -1,060,710 -16.3%
15 AVGO 2.22% 2,461,410 $852M $346.10 $21M -56,781 -2.2%
16 O 2.21% 15,106,270 $852M $56.37 -$247M -2,960,333 -16.4%
17 AMAT 2.16% 3,227,145 $829M $256.99 $59M -534,040 -14.2%
18 LIN 2.02% 1,818,692 $775M $426.39 -$221M -278,093 -13.3%
19 KLAC 1.97% 623,664 $758M $1,215.08 -$19M -96,794 -13.4%
20 BSX 1.96% 7,899,240 $753M $95.35 $81M +1,014,800 +14.7%
21 AZO 1.86% 211,328 $717M $3,391.50 -$360M -39,613 -15.8%
22 HD 1.86% 2,080,538 $716M $344.10 $612M +1,824,409 +712.3%
23 SYK 1.78% 1,947,575 $685M $351.47 $100M +366,059 +23.1%
24 CRM 1.77% 2,571,143 $681M $264.91 -$191M -1,106,930 -30.1%
25 SNPS 1.76% 1,440,874 $677M $469.72 -$57M -46,081 -3.1%
26 GWW 1.68% 640,162 $646M $1,009.05 -$75M -116,640 -15.4%
27 COST 1.49% 662,447 $571M $862.34 $182M +242,009 +57.6%
28 FERG 1.49% 2,565,454 $571M $222.63 -$108M -460,205 -15.2%
29 AMD 1.37% 2,463,159 $528M $214.16 $55M -457,832 -15.7%
30 BRO 1.29% 6,204,729 $495M $79.70 -$147M -630,126 -9.2%
31 MAR 1.26% 1,561,579 $484M $310.24 $1M -292,937 -15.8%
32 WDAY 1.18% 2,116,802 $455M $214.78 -$320M -1,100,403 -34.2%
33 ORCL 1.06% 2,097,860 $409M $194.91 -$266M -302,572 -12.6%
34 VRSK 1.06% 1,815,060 $406M $223.69 $31M +322,345 +21.6%
35 MMC 1.05% 2,173,621 $403M $185.52 -$118M -413,083 -16.0%
36 PG 0.97% 2,604,052 $373M $143.31 -$114M -565,367 -17.8%
37 NOW 0.92% 2,304,946 $353M $153.19 -$234M +1,666,680 +261.1%
38 SHW 0.88% 1,044,274 $338M $324.03 -$92M -198,785 -16.0%
39 BK 0.71% 2,359,440 $274M $116.09 $923K -145,919 -5.8%
40 CBRE 0.71% 1,694,034 $272M $160.79 -$11M -101,494 -5.7%
41 BEPC 0.50% 5,032,949 $193M $38.34 $9M -304,681 -5.7%
42 JPM 0.42% 500,909 $161M $322.22 -$4M -22,749 -4.3%
43 CMI 0.37% 280,004 $143M $510.45 $20M -11,487 -3.9%
44 SCHW 0.34% 1,296,825 $130M $99.91 $153K -58,706 -4.3%
45 VZ 0.33% 3,073,760 $125M $40.73 -$8M +33,033 +1.1%
46 SYY 0.31% 1,611,005 $119M $73.69 -$13M +15,539 +1.0%
47 WTW 0.31% 357,537 $117M $328.60 -$4M +5,163 +1.5%
48 C 0.30% 989,173 $115M $116.69 $10M -45,769 -4.4%
49 TSM 0.30% 376,999 $115M $303.89 $5M -15,106 -3.9%
50 LRCX 0.29% 645,926 $111M $171.18 $17M -54,789 -7.8%
51 UNP 0.28% 466,778 $108M $231.32 -$7M -21,144 -4.3%
52 PGR 0.27% 455,850 $104M $227.72 -$7M +8,775 +2.0%
53 CMS 0.27% 1,472,659 $103M $69.93 +1,472,659 NEW
54 V 0.25% 278,829 $98M $350.71 $4M +4,688 +1.7%
55 CME 0.25% 353,308 $96M $273.08 $3M +6,564 +1.9%
56 CI 0.24% 335,611 $92M $275.23 -$2M +8,468 +2.6%
57 WDC 0.23% 523,497 $90M $172.27 -$18M -375,363 -41.8%
58 HUBB 0.23% 194,948 $87M $444.11 $26M +54,263 +38.6%
59 FDX 0.22% 295,041 $85M $288.86 $13M -12,501 -4.1%
60 MU 0.22% 294,810 $84M $285.41 $24M -63,400 -17.7%
61 ADSK 0.22% 283,980 $84M $296.01 -$13M -20,663 -6.8%
62 HLT 0.21% 285,163 $82M $287.25 $3M -17,719 -5.8%
63 BR 0.21% 364,623 $81M $223.17 -$9M -15,750 -4.1%
64 WMT 0.21% 716,625 $80M $111.41 $7M +11,266 +1.6%
65 BILL 0.21% 1,463,791 $80M $54.54 $32M +558,206 +61.6%
66 0HQN.L 0.21% 316,018 $79M $251.00 -$5M -26,733 -7.8%
67 A 0.21% 580,939 $79M $136.07 $20M +120,483 +26.2%
68 ABT 0.20% 616,351 $77M $125.29 $7M +91,897 +17.5%
69 TRU 0.20% 892,724 $77M $85.75 -$5M -75,587 -7.8%
70 BIO 0.20% 252,140 $76M $302.99 -$12M -63,188 -20.0%
71 REGN 0.19% 96,545 $75M $771.87 $18M -4,478 -4.4%
72 SARO 0.19% 2,512,169 $72M $28.68 $41M +1,372,588 +120.5%
73 CMG 0.18% 1,834,533 $68M $37.00 $50M +1,384,178 +307.4%
74 RSG 0.17% 312,695 $66M $211.93 -$12M -26,516 -7.8%
75 UNH 0.17% 199,953 $66M $330.11 -$6M -8,964 -4.3%
76 ARES 0.17% 402,561 $65M $161.63 -$505K -7,539 -1.8%
77 TFC 0.17% 1,309,976 $64M $49.21 -$506K -111,066 -7.8%
78 USFD 0.16% 808,109 $61M $75.32 -$6M -68,582 -7.8%
79 XYL 0.16% 445,104 $61M $136.18 -$11M -37,800 -7.8%
80 ODFL 0.16% 383,487 $60M $156.80 $35M +205,910 +116.0%
81 NICE 0.15% 524,909 $59M $113.04 -$9M +56,003 +11.9%
82 VMC 0.15% 202,619 $58M $285.22 -$848K +11,999 +6.3%
83 ORLY 0.15% 619,351 $56M $91.21 -$15M -47,023 -7.1%
84 WRB 0.14% 793,698 $56M $70.12 -$10M -67,068 -7.8%
85 DHI 0.13% 357,953 $52M $144.03 -$14M -30,382 -7.8%
86 NXPI 0.13% 231,599 $50M $217.06 $14M +70,522 +43.8%
87 EW 0.13% 586,760 $50M $85.25 $13M +111,843 +23.6%
88 NVO 0.13% 969,015 $49M $50.88 -$7M -44,669 -4.4%
89 IR 0.13% 620,664 $49M $79.22 +620,664 NEW
90 ROP 0.13% 109,628 $49M $445.13 $2M +16,188 +17.3%
91 PNR 0.12% 456,104 $47M $104.14 $215K +29,198 +6.8%
92 PODD 0.12% 166,904 $47M $284.24 $915K +16,205 +10.8%
93 INTC 0.12% 1,251,981 $46M $36.90 -$9M -393,142 -23.9%
94 SNDK 0.12% 187,772 $45M $237.38 -$59M -737,495 -79.7%
95 ALL 0.11% 201,460 $42M $208.15 -$5M -17,066 -7.8%
96 IQV 0.11% 183,977 $41M $225.41 $4M -15,575 -7.8%
97 ALC 0.09% 435,222 $34M $78.81 -$11M -174,388 -28.6%
98 TER 0.07% 148,827 $29M $193.56 -$3M -81,581 -35.4%
99 ROK 0.07% 64,815 $25M $389.07 $4M +4,652 +7.7%
100 NET 0.07% 126,935 $25M $197.15 -$3M -2,634 -2.0%

New Positions

SymbolValue% Port
CMS $103M 0.27%
IR $49M 0.13%
PWR $20M 0.05%

Sold Out Positions

SymbolValue% Port
SE —%
BLDR —%
SN —%
SAP —%
APP —%
MORN —%
CMCSA —%
VRTX —%
FIS —%
SQ —%
BLL —%
FI —%
View SEC EDGAR Filings for PARNASSUS INVESTMENTS, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms